Retail Banker Salary

A Retail Banker earns an average wage of $13.34 per hour. Experience has a moderate effect on salary for this job. People in this job generally don't have more than 20 years' experience.

$28,709 - $56,673
$29K
$40K
$57K
MEDIAN: $39,861
10%
50%
90%

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$11.40 - $16.86
$11
$13
$17
MEDIAN: $13.37
10%
50%
90%

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$0$56K
Salary $28,709 - $56,673
Bonus $204 - $4,122
Commission $587 - $10,728
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,733 - $45,306
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 45
Hourly Data $0$27
Hourly Rate $11.40 - $16.86
Overtime $15.05 - $27.81
Annual Data $0$45K
Bonus $204 - $4,122
Commission $587 - $10,728
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,733 - $45,306
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 127

Job Description for Retail Banker

Retail bankers normally work one on one with customers to handle transactions such as check cashing, withdrawals, loan repayments, cash advances, and money transfers. They are also generally responsible for meeting sales goals. Retail bankers may work with customers in a face-to-face role at a physical bank location, or they may work in a call center environment. A successful retail banker has strong customer service skills, as well as a good understanding of basic math, basic computer skills, and some experience in sales. To excel in this role, a retail banker must understand all aspects of their business, from mortgage lending to brokerage investments in order to accurately assess the client's needs.

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Retail Banker Tasks

  • Process a variety of customer transactions accurately and efficiently in adherence to bank policies and regulations.
  • Address customer questions and concerns by phone and in person.
  • Assists with courtesy and collection calls as needed and seeks assistance from more knowledgeable branch staff when necessary.
  • Open and perform account maintenance on certificate of deposit, consumer and business accounts.
  • Perform opening, closing, and other branch servicing duties such as cash and vault balancing.

Common Career Paths for Retail Banker


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Retail Banker Job Listings

Popular Employer Salaries for Retail Banker

Pay by Experience Level for Retail Banker

Pay by Experience for a Retail Banker has a positive trend. An entry-level Retail Banker with less than 5 years of experience can expect to earn an average total compensation of $29,000 based on 117 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $32,000 based on 46 salaries. An experienced Retail Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 25 salaries. A Retail Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $46,000 based on 7 salaries.

Retail Banker Reviews

Q: What is it like working as a Retail Banker?

Retail Banker in Metairie:
"Corporate, high volume of stress, branch manager poor."
Pros: Helping people succeed.
Cons: Bulling from branch manager.

Retail Banker in Minneapolis:
"Corporate."
Pros: I like that it's a great learning life experience.
Cons: I feel that as a woman I constantly am being judged especially as a black one.

Related Job Salaries

Key Stats for Retail Banker

Gender

Female
61 %
Male
39 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.
Less than 1 year
10%
1-4 years
56%
5-9 years
15%
10-19 years
15%
20 years or more
3%

Experience Affects Retail Banker Salaries

Late-Career
▲49%

▲19%

▲4%

National Average
$31,000

▼6%

Skills That Affect Retail Banker Salaries

Consumer Loans
▲5%

▲3%

National Average
$31,000


Banking
▼4%

Microsoft Office
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
10%
1-4 years
56%
5-9 years
15%
10-19 years
15%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
vision benefits
Vision: 75%
no benefits
None: 14%